NET LOSS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Calculation of Net Earnings Per Share

The following sets forth the denominator used in the calculations of basic net loss per share and net loss per share assuming dilution:

	Three months  ended		Three months ended		Six months ended		Six months ended
	June 30,  2015		June 30,  2014		June 30,  2015		June 30,  2014
Denominator for basic net loss per share, weighted average shares outstanding		27,862,908		23,082,699		27,318,467		21,567,885
Dilutive effect of common stock options		N/A		N/A		N/A		N/A
Dilutive effect of Series C convertible preferred stock, convertible debt and warrants		N/A		N/A		N/A		N/A
Denominator for diluted net loss per share, weighted average shares outstanding		27,862,908		23,082,699		27,318,467		21,567,885

Potentially dilutive securities

Potentially dilutive securities outstanding are summarized as follows:

	June 30,  2015		June 30,  2014
Exercise of common stock options		1,742,500		1,708,500
Exercise of common stock warrants		6,452,248		2,818,890
Conversion of Series C convertible preferred stock		1,329,646		1,297,578
Conversion of convertible debt		6,305,390		4,649,011
Total		15,829,784		10,473,979